Investors

Financial Highlights

 2018201720162015
Consolidated Income Statement (US$’000)
Revenue

7,167,428

7,507,599

7,208,849

6,510,051

Gross profit

1,006,834

1,097,406

1,014,387

1,004,774

EBITDA1, 9

572,975

664,651

571,660

541,664

Underlying Profit 2, 9

180,717

253,837

186,277

179,970

Net profit/(loss) 3

(1,772)

74,032

399,619

10,352

Weighted average number of shares (million shares)

12,735

12,735

12,735

12,760

Underlying profit2 per share (US$ cents)

1.42

1.99

1.46

1.41

Earnings/(loss) per share (US$ cents)

(0.01)

0.58

3.14

0.08

Consolidated Statement of Financial Position
(US$ ‘000)
Total assets

8,545,580

8,137,780

8,306,415

8,035,710

Total current assets

2,885,498

2,874,675

2,776,057

2,665,435

Total current liabilities

2,490,902

2,597,794

2,715,100

2,328,598

Total non-current liabilities

1,744,598

1,431,433

1,495,364

1,957,714

Non-controlling interests

141,436

101,570

42,201

39,544

Equity attributable to owners of the Company

4,168,644

4,006,983

4,053,750

3,709,854

Ratios
Gross profit margin

14.0%

14.6%

14.1%

15.4%

EBITDA1 margin

8.0%

8.9%

7.9%

8.3%

Underlying profit2 margin

2.5%

3.4%

2.6%

2.8%

Net profit/(loss)3 margin

(0.02)%

1.0%

5.5%

0.2%

Return on equity4

4.3%

6.3%

4.6%

4.9%

Return on assets5

2.1%

3.1%

2.2%

2.2%

Current ratio (times)

1.16

1.11

1.02

1.14

Net debt to equity6 (times)

0.42

0.42

0.43

0.51

Receivable turnover7 (days)

26

25

26

28

Inventory turnover8 (days)

59

56

50

53

Other Information
Average CPO price – FOB Belawan (US$ per tonne)

565

682

664

574

Notes :

  1. EBITDA = earnings before tax, non-controlling interests, interest on borrowings, depreciation and amortisation, net gain or loss from changes in fair value of biological assets, foreign exchange gain or loss and exceptional items
  2. Underlying profit = net profit attributable to owners of the Company excluding net effect of net gain or loss from changes in fair value of biological assets, depreciation of bearer plants, exceptional items and other non-operating items (foreign exchange gain or loss and deferred tax income or expense)
  3. Net profit/(loss) = net profit attributable to owners of the Company
  4. Return on equity = underlying profit / equity attributable to owners of the Company
  5. Return on assets = underlying profit / total assets
  6. Net debt to equity = (total borrowings – cash and cash equivalents – short-term investments – liquid working capital) / equity attributable to owners of the Company
  7. Receivable turnover = average trade receivables / revenue * 365
  8. Inventory turnover = average inventory / cost of sales * 365
  9. 2018 EBITDA and underlying profit include fair value gain on financial instruments following the adoption of IFRS 9